Storied racetrack revved for a restart under new owner
Kevin Garrigus bought the Speedrome in November with the goal of revitalizing the historic east-side short track. He’s already put $500,000 into upgrades—with more on the way.
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Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
HHGregg closing 88 stores, three distribution facilities
The closure of 40 percent of the retailer’s stores will result in the elimination of about 1,500 jobs.
Roundup: Fountain Square fields new pizza options
The owner of Red Lion Grog House in Fountain Square intends to launch Sidekicks Pizza in the neighborhood’s most visible building, while a small Chicago-based chain plans its first location outside of Illinois.
Young design firm planning 25-employee expansion
The architectural and interior design firm on Wednesday announced plans to double its office space in the Stutz Business Center.
Historic White Castle building gets reprieve from Indiana Landmarks
The not-for-profit has stepped in to save the downtown structure, built in 1927 and believed to be the third-oldest restaurant constructed by the burger chain.
Salesforce unveils sign design for namesake tower
Salesforce.com Inc. on Tuesday filed permit drawings for its Salesforce Tower signage—finally giving an image to the vision the company set last May when it said it would assume naming rights on the state’s tallest tower.
HHGregg shares cease trading on New York Stock Exchange
The New York Stock Exchange on Tuesday suspended trading of HHGregg Inc. shares as it began proceedings to delist the struggling retailer’s common stock.
Steak n Shake results lost some sizzle in 2016
Same-stores sales for the burger chain dropped for the first time since 2008. Profit and customer traffic also fell.
Target pulls down other retailers with tepid quarter, outlook
Target Corp. reported a 43 percent drop in fourth-quarter profit as weak store sales overshadowed an improving online performance.
Future of east-side church, once slated for demolition, still in limbo
TWG Development’s plan to convert the century-old structure into senior housing units has hit a snag, as the project wasn’t awarded federal tax credits in the latest round of allocations.
Westfield approves housing development near Grand Park
The Westfield City Council on Monday also agreed to send a proposal for a housing development around the Wood Wind Golf Club back to the city’s plan commission.
Ganassi Racing seeking tax break for $3.5M expansion
The owner of four IndyCar racing teams says the tax abatement would help offset costs related to a 40,000-square-foot addition the company wants to build at its northwest-side headquarters.
Co-working space commits to Marietta building on Mass Ave
New York-based Industrious said it will occupy two floors in the structure under construction by local developer Gershman Partners. It’s the second co-working provider to secure a downtown locale in two months.
Back to square one for 20-story AT&T tower
The owner of the mostly vacant AT&T building downtown has scrapped its plans to redevelop the 20-story tower and is putting it on the market without an asking price.
HHGregg preparing to file for bankruptcy, sources say
The 61-year-old retailer of appliances and electronics is preparing to file for bankruptcy as it grapples with an ongoing slump in sales, according to people familiar with the matter.
Vine & Table uncorking second north-side location, at prominent intersection
The wine shop, launched in Carmel by local caterer Joe Husar, was purchased last year by Big Red Liquors, which is bringing the store to the Meridian-Kessler neighborhood.
Central Indiana home sales rise for 15th straight month
Closed sales in the 13-county area have risen every month on a year-over-year basis since October 2015.
Law firms buddy up to share office space, expenses
For many firms, splitting office space and sharing resources is a strategy that makes good business sense. But such arrangements aren’t without challenges.
Burger King owner to acquire Popeyes for $1.8 billion
Restaurant Brands International Inc. has agreed to buy Popeyes Louisiana Kitchen Inc., adding a fried-chicken outfit to its lineup of burgers and doughnuts. The two chains have about 70 restaurants in the Indianapolis area.